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where the economy is so dreadful, as you were just describing. people need to realize that the very reason the stock market is doing well is because the unemployment numbers are so low. corporate america's number-one expenses payroll. if you don't have much of apparel you have a lot of profit. gerri: that me ask you this. did you back on topic. i think the thing that is really frightening is if you look back in history where people have pulled money out of stocks, it goes on for a decade or so. after 1929, the dow jones industrial average did return to its prior levels in the 1950's. beginning in 1971 investors went through 11 years. now, i know people like you are fond of saying, well, the average stock market's return of the last 86 years has been 10 percent, but the reality is nobody invests for 86 years. gerri: you are absolutely right, and that is what people are looking so closely at their recent past performance. unfortunately they are assuming that the recent past, the last five words in years is going to be the next five or ten years. pe
where the economy is so dreadful, as you were just describing. people need to realize that the very reason the stock market is doing well is because the unemployment numbers are so low. corporate america's number-one expenses payroll. if you don't have much of apparel you have a lot of profit. gerri: that me ask you this. did you back on topic. i think the thing that is really frightening is if you look back in history where people have pulled money out of stocks, it goes on for a decade or so....
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Oct 14, 2012
10/12
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the tax on the economy. six years of taxpayer dollars and 40 been spent by the government that is the worry. gerri: in your honor we maybe you a full screen of gen -- ben bernanke addis mr. bubble. has the federal reserve chairman live with the bond bubble? is the at fault? >> i believe greenspan greenspan, bernanke part of housing, now he tries to correct the bond bubble which is the biggest. creating trillions of dollars to buy the blige interfering with the biggest market in the long term. and the day when the market decides we will not listen. gerri: gerry? gerry? [laughr] gerry? i just want to ask you the question you brought up the bond bubble. pc and individual investors buying the blinder directly. what would you say? >> parents had a great article between 50 and 70% that is the definition of bubble to get yield you just have to realize what you get into. i am buying 23 year bonded duration if we do get a bad market this 78 or 9% will turn to dust quickly. gerri: it is dangerous. >> and it is caused
the tax on the economy. six years of taxpayer dollars and 40 been spent by the government that is the worry. gerri: in your honor we maybe you a full screen of gen -- ben bernanke addis mr. bubble. has the federal reserve chairman live with the bond bubble? is the at fault? >> i believe greenspan greenspan, bernanke part of housing, now he tries to correct the bond bubble which is the biggest. creating trillions of dollars to buy the blige interfering with the biggest market in the long...
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shutting down their economy. using the american military, not to use it, but to have it there to prevent it have to be used for. gerri: talking about dialing back on this of the money we give to egypt which is a big talking board for the right right now. you look at this. what did you make of this speech? inspirational or more of the same? >> it was as operational, but what i would have liked to hear him say is the causes. he talked of sentence. what we need to do is talk about the causes. you take china and russia and remove them t of the equation. that means countries like venezuela and syria are nothing, and we could solve the world and six months if we could get china and russia right. unfortunately they are hoping the bad guys. gerri: by what can i explain? >> for instance with a ride to a rant. nuclear weapons technology. gerri: said that he said we were hoping the bad guys. great conversation. always great as our people on the show. >> and to go with it. gerri: thank you so much. now we want to know what y
shutting down their economy. using the american military, not to use it, but to have it there to prevent it have to be used for. gerri: talking about dialing back on this of the money we give to egypt which is a big talking board for the right right now. you look at this. what did you make of this speech? inspirational or more of the same? >> it was as operational, but what i would have liked to hear him say is the causes. he talked of sentence. what we need to do is talk about the...
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they were discussing the issue and how to get the economy back on track. wall street's top ceos and jpmorgan's dimon saying it's time for a deal. they are tired of kicking the can down the road. avoiding the fiscal cliff requires political sacrifice on both sides. they are not alone wanting a certain degree of state for the markets, and in turn, for investors. joining me is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. with friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit and cut spending and elect the socialist president of france who is now raising their personal income taxes to 75% and their capital gains taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody's suggesting that here. in fact -- >> they were not in fr
they were discussing the issue and how to get the economy back on track. wall street's top ceos and jpmorgan's dimon saying it's time for a deal. they are tired of kicking the can down the road. avoiding the fiscal cliff requires political sacrifice on both sides. they are not alone wanting a certain degree of state for the markets, and in turn, for investors. joining me is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be...
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Oct 10, 2012
10/12
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our economy is like a car on winter morning, barely turning over. obamacare, health care law is a good case in point. a new study shows obamacare will cost a total of $26 billion to implement. just to implement the blizzards and blizzards of new regulations and paperwork required. again, i'm not talking about the increased costs or higher cost doctors. we are just looking at putting law into effect. here's the detail. the private sector will bear the biggest burden of those costs, $20.4 billion over the lifetime. states will have to pony up 7.2 billion. keep in mind, this is a law a lot of states don't even want to implement. five states will face a billion dollars more in cost. illinois, florida, texas, and california. you see them here. most of those states are already having a lot of financial problem. florida and texas have thought this law tooth and nail. looking deeper, here is slowly will what we will get that money. the single most expensive rule is the one requiring companies to have common standards for reporting to the government. that si
our economy is like a car on winter morning, barely turning over. obamacare, health care law is a good case in point. a new study shows obamacare will cost a total of $26 billion to implement. just to implement the blizzards and blizzards of new regulations and paperwork required. again, i'm not talking about the increased costs or higher cost doctors. we are just looking at putting law into effect. here's the detail. the private sector will bear the biggest burden of those costs, $20.4 billion...
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Oct 11, 2012
10/12
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economy. apparently tim geithner and company have really low standards. growth has averaged 2% year under president obama lower than the 4 present many forecasts. but don't worry. tim geithner can explain that. the reason for the difference between reality and what was forecast is europe and the summer drought. it is like this administration is looking at a totally different economy than the rest of us. now we want to know what you think. here is our question tonight. tim geithner said the economy is better than anybody thought. do you agree? log onto gerri willis.com. we will share the results at the end of the show. >> coming up on the willis report mitt romney closing in on president obama as the swing state race titans. which candidate will come out on top? we have predictions as gerri willis crunches the numbers next. he is known as the most renowned crusaders for using the wind and the sun to power our country but is president obama it making al gore a winning investor? gerri willis investigate the real facts. currently most gas and electric utiliti
economy. apparently tim geithner and company have really low standards. growth has averaged 2% year under president obama lower than the 4 present many forecasts. but don't worry. tim geithner can explain that. the reason for the difference between reality and what was forecast is europe and the summer drought. it is like this administration is looking at a totally different economy than the rest of us. now we want to know what you think. here is our question tonight. tim geithner said the...